Atom Bank Introduces Four-Day Work Week Without Cutting Pay

The online bank Atom Bank has introduced a four-day work week for its 430 staff without cutting their pay. The BBC reports: Employees now work 34 hours over four days and get Monday or Friday off, when previously they clocked up 37.5 hours across the whole week. Boss Mark Mullen told the BBC it was inspired by the pandemic and would help improve wellbeing and retain staff. However, employees will have to work longer hours on the days that they are in.

Atom was one of the UK's first digital challenger banks and had 2.7 billion pounds of loans on its books in the last financial year. Its new working arrangements kicked in on 1 November after a review found they would not affect customer service or productivity. Mr Mullen said the new arrangement was voluntary, but strongly reflected his staff's preferences for more flexible working. 'Everyone is expected to stick to it,' he added. 'I can't be sending my staff emails on a Friday, I can't expect to them to respond to them.'

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